Big jump in livestock tax values for 2009

Today the Inland Revenue released their National average market values of specified livestock determination for 2009. Look here in http://www.agridata.co.nz/taxvalues.asp for details of the main stock classes. Sheep capital values rose by 80% for ewe hoggets and between 93-98% for ewes depending on their age. During that time the lamb meat schedule rose about 50% ( mutton about 40%) but wool dropped in value by  20% for crossbred fleece. Those farmers that sold store lambs late, achieved the biggest lift in income with prices nearly double, than that was achieved for 2008. Beef cattle values showed a more subdued lift in prices with yearly cattle rising about 25%, two year olds and cows between 16-20% . Prices for their products  of bull and Prime steer beef on an annual basis have not lifted much at all, but during the year a  good lift in values was seen. Dairy cattle prices not only dropped by between 40-50%  but because values had been very high, readjusted prices plummeted by up to $800 a head. Sharemilkers equity will have taken a severe hit on these prices, especially on the back of a reduction of over 50% drop in milk price.  Most of the news is good when we look at deer prices with M/A hinds lifting by over 40%. Reflecting the much firmer venison schedule the younger male stock rose by 60% and the rising one year hinds by nearly 80%!! Maybe this is the first sign of some reinvestment in this industry for years. Two year old stags showed only a modest rise 25% ( about the same as the venison schedule rise) reflecting lack of confidence for growth in the velvet sector.